Family offices in Hong Kong and Singapore invest for positive impact not only on the environment and society but also to future-proof family businesses.
Climate Action Partnerships
The Singapore state fund released its first sustainability report outlining top priorities when announcing its annual results.
As impact investing gains traction in Asia, family offices in Hong Kong and Singapore are moving beyond the basics to refine their approaches and maximise positive change.
Wealthy investors are increasingly seeding regional entrepreneurs and backing solutions to Asian challenges.
The Green Climate Fund is also keen to partner with asset owners, especially for blended finance and impact investing projects, CIO Henry Gonzalez told AsianInvestor.
The fund has teamed up with the Global Green Growth Institute following Xi's pledge of a stronger emphasis on sustainability for its flagship national initiative.
Temasek believes that carbon markets are critical for achieving net zero, while investing in sustainable economic growth is a fiduciary responsibility for long-term investors.
The Chinese life insurance company believes that local expertise is important in identifying long-term investment opportunities under China’s carbon neutrality target.
A lot of experimentation is taking place to offer solutions for climate-related and other issues, but they need to be scaled up, a senior executive from the multilateral development bank told AsianInvestor.
The climate-focused asset owner, funded by governments, makes high-impact investments in various forms, from grants and concessional lending to venture capital and equity.
Southeast Asia's window of opportunity to accelerate decarbonisation with actionable ideas was showcased in a report co-authored by Temasek, GenZero and other entities.
Investors need to collaborate more and put pressure on policymakers to make markets more sustainable, said speakers at a recent Asia Investor Group on Climate Change net zero webinar.